Background

Mr. Paul W. Chellgren is an Operating Partner at Snow Phipps Group, LLC. Mr. Chellgren is responsible for specialty chemicals and industrial processes at the firm. Mr. Chellgren serves as a Secretary, Treasurer, and Director of American Friends of University College, Oxford, Inc. From January 1992 to September 1996, he served as the Chairman, Chief Executive Officer, President, and Chief Operating Officer at Ashland Inc. from 1997 until he retired in 2002, and was at ... since 1974. Mr. Chellgren served as the Chairman and Chief Executive Officer of Ashland Inc. from 1996 to 2002. From 1988 to 1992, he was employed as the Senior Vice President and Chief Financial Officer in the firm. Mr. Chellgren joined Ashland in 1974 as an Executive Assistant to the Chairman of the Board and Chief Executive Officer. He presided over the distribution to shareholders of Ashland’s stake in Arch Coal, Inc., formation of the Marathon Ashland Petroleum refining venture with Marathon Oil Corp, divestiture of its exploration and production division and acquisition of several businesses which were combined with Ashland’s highway paving and construction and chemical operations. Mr. Chellgren was an Associate with McKinsey & Company, Operations Analyst in the Office of Secretary of Defense in Washington, D.C., Executive Assistant and Division General Manager of Boise Cascade, Corp. and General Manager of Universal Capital Corp. He has been an Independent Director of The PNC Financial Services Group, Inc. since 1995. Mr. Chellgren also serves as a Director at PNC Bank Corporation. He has been a Director at Ashland Inc., since January 1992. He also serves as the Chairman of FiberVisions Incorporated. Mr. Chellgren serves as the Chairman at the Cincinnati Art Museum. He serves as a Director or Trustee at the Taft Museum in Cincinnati, the Greater Cincinnati Foundation, American Friends of University College, Oxford, The Institute for Fine Arts, Centre College, and The Conference Board. He serves as a Non-Executive Co-Chairman of Cascade Drilling LP. Mr. Chellgren served as the Chairman at Ashland Coal Inc. from 1982 to 1992, ArrMaz Custom Chemicals, Inc., and Excel Mining Systems. He served as a Director at Mercantile Bankshares Corp. He served as a Director at Medtronic Inc., since 1997 and Arch Coal, Inc., Medtronic, Inc., Ashland Coal, Inc., the American Petroleum Institute, and the American Chemistry Council. Mr. Chellgren is an Adjunct Professor and Visiting Executive in the College of Business at Northern Kentucky University. Mr. Chellgren has over 30 years of experience in the specialty chemicals industries. He holds a B.S. degree from the University of Kentucky, an M.B.A. from Harvard University, and a Diploma in Developmental Economics from Oxford University.

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